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Title: Reuters column: Virtual Bitcoins are appealing but probably doomed Post by: hazek on May 29, 2011, 10:16:54 PM LOOOL
In the currency wars, the nerds are winning. The value of a Bitcoin — a digital currency trading over peer-to-peer networks — has rocketed more than nine-fold in two months to $8.74. The preordained supply and decentralization of Bitcoins have intrigued geeks and paranoid inflationistas alike. But this abstract gold may not survive what looks like a bubble... By Robert Cyran The author is a Reuters Breakingviews columnist. The opinions expressed are his own. Read more at: http://blogs.reuters.com/columns/2011/05/27/virtual-bitcoins-are-appealing-but-probably-doomed/ Title: Re: Reuters column: Virtual Bitcoins are appealing but probably doomed Post by: hazek on May 29, 2011, 10:17:18 PM Quick kiba, you know what to do!
Title: Re: Reuters column: Virtual Bitcoins are appealing but probably doomed Post by: marcus_of_augustus on May 29, 2011, 10:23:16 PM Yeah, Reuters has missed every bubble from the 90's tech stocks, dot.com, housing, mortgage debt., CDO's, corporate debt, etc and yet they are genius enough to understand bitcoin AND call a bubble .... ha! Title: Re: Reuters column: Virtual Bitcoins are appealing but probably doomed Post by: Horkabork on May 29, 2011, 10:28:20 PM I love articles like this. Since bitcoins, because they still aren't accepted for many tangible goods, are a fine way to speculate on how the currency will move due to speculation, these articles are speculating what bitcoin speculators are speculating and what this speculation of speculation will bring (besides more speculators new to bitcoin).
Now I'm sitting here speculating that more media attention, through articles such as this, will increase the number of buyers more than sellers. So I'm speculating that this article's speculation of speculating speculation will increase bitcoin's relative worth to the dollar. Since my small purchase won't have much of an effect on the currency, I really don't think that any of you can read this post--a speculation of media speculations on bitcoin speculation speculation--and accurately speculate on anything. Or I could just be speculating that. Title: Re: Reuters column: Virtual Bitcoins are appealing but probably doomed Post by: FreeMoney on May 29, 2011, 10:32:21 PM Yeah, Reuters has missed every bubble from the 90's tech stocks, dot.com, housing, mortgage debt., CDO's, corporate debt, etc and yet they are genius enough to understand bitcoin AND call a bubble .... ha! It really is hilarious. The Death Star Bubble is bearing down on them and they point to this little thing and scream "BUBBLE". Title: Re: Reuters column: Virtual Bitcoins are appealing but probably doomed Post by: hazek on May 29, 2011, 10:33:28 PM LOL Hahahahaha ;D Awesome speculation, Horkabork, you speculative speculator you!
Title: Re: Reuters column: Virtual Bitcoins are appealing but probably doomed Post by: Cryptoman on May 30, 2011, 12:58:20 AM I don't know what I'm getting more tired of reading about, that Bitcoins can be used for illegal activity or that they can be used to buy alpaca socks. ::)
Title: Re: Reuters column: Virtual Bitcoins are appealing but probably doomed Post by: marcus_of_augustus on May 30, 2011, 01:47:54 AM I don't know what I'm getting more tired of reading about, that Bitcoins can be used for illegal activity or that they can be used to buy alpaca socks. ::) :D yeah, do they come with an embroided bitcoin logo? Title: Re: Reuters column: Virtual Bitcoins are appealing but probably doomed Post by: PseudoCode on May 30, 2011, 02:32:52 AM I don't know what I'm getting more tired of reading about, that Bitcoins can be used for illegal activity or that they can be used to buy alpaca socks. ::) :Dyeah, do they come with an embroided bitcoin logo? You know, Id buy that idea for a bitcoin ! Alpaca socks embroidered with a BitCoin logo - love it. :) Im off to find the sock seller and suggest it ! |